McDermott Advises ProBuild Holdings on $505 Million Recapitalization

International law firm McDermott Will & Emery LLP today announced that it successfully represented ProBuild Holdings, Inc., the nation’s largest suppliers of building materials to national builders and local contractors, as well as several of its affiliates with the negotiation, documentation and execution of a $505 million revolving credit facility with Wells Fargo Capital Finance, LLC.

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Tags:  McDermott Will & Emery LLP | New York

Shearman & Sterling Advises on Energy Future Intermediate Holding Company and EFIH Finance 144A/Reg S Senior Secured Second Lien Notes Add-On Offering

Shearman & Sterling represented Goldman, Sachs & Co., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $350 million aggregate principal amount of 11.750% Senior Secured Second Lien Notes due 2022 by Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. The offering was an add-on to the prior offering of $800 million aggregate principal amount of 11.750% Senior Secured Second Lien Notes due 2022 by Energy Future Intermediate Holding Company LLC and EFIH Finance Inc.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk – CafePress Initial Public Offering

Davis Polk advised J.P. Morgan Securities Inc. and Jefferies & Company, Inc. as representatives of the several underwriters on the $85.5 million initial public offering of 4,500,000 shares of CafePress Inc. Of those shares, 2,500,000 shares are being sold by CafePress and 2,000,000 shares are being sold by selling stockholders. CafePress’ common stock is traded on the Nasdaq Global Select Market under the symbol “PRSS.”

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Vanguard Health Systems, Inc. in $375.0 Million Senior Notes Add-on Offering

Simpson Thacher represented Vanguard Health Systems, Inc. (“Vanguard”) in connection with the private placement offering, including registration rights for investors, of $375.0 million aggregate principal amount of 7.750% Senior Notes due 2019 issued by its wholly-owned subsidiaries, Vanguard Health Holding Company II, LLC (“VHS Holdco II”) and Vanguard Holding Company II, Inc. (together with VHS Holdco II, the “Issuers”), conducted in reliance on Rule 144A and Regulation S. The notes were issued as additional notes under an existing indenture, pursuant to which the Issuers issued $350 million aggregate principal amount of 7.750% Senior Notes due 2019 in January 2011. The Issuers intend to use the net proceeds from the offering for general corporate purposes, which may include, but not be limited to, working capital, capital expenditures, acquisitions, the repayment of any outstanding indebtedness under their existing revolving credit facility and to pay the fees and expenses incurred in connection with this offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Shearman & Sterling Advises on $1.6 Billion Refinancing for LPL Holdings

Shearman & Sterling advised Bank of America, N.A. as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint lead arrangers in connection with a $1.6 billion senior secured refinancing for LPL Holdings, Inc.‬ Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs Bank USA, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. acted as joint bookrunners in connection with the refinancing.

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Milbank Represents Initial Purchasers in TransUnion Holding Company, Inc.’s Offering of $600 million Senior PIK Toggle Notes

Milbank, Tweed, Hadley & McCloy, LLP represented Goldman, Sachs & Co., Deutsche Bank Securities and a syndicate of other banks in connection with a leveraged finance offering of $600 million of 9.625%/10.375% Senior PIK Toggle Notes due 2018 by TransUnion Holding Company, Inc. (the “Issuer) pursuant to Rule 144A and Regulation S.  The notes include novel PIK/Toggle features which restrict the ability of the Issuer to elect to pay PIK interest.

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Tags:  Milbank LLP | New York